Key Points
Reliance Jio could receive the landing rights and market access authorisations this month from the Indian National Space Promotion and Authorisation Centre (IN-SPACe), approvals which are essential for the Mukesh Ambani-led telecom operator to launch its satellite-based gigabit fibre services in India, people aware of the matter said.. Jio has made all necessary submissions to IN-SPACe, the space industry regulator, and the required authorisations are expected soon, one of the people cited earlier told ET..
"We don't comment on the status of approvals of specific companies...all I can say is that several applications for IN-SPACe authorisations are in the pipeline," Pawan Goenka, chairman of IN-SPACe, said in response to ET's query on pending authorisations for Jio's satcoms venture...
Last year, Jio Platforms and Luxembourg-based satcoms player SES had formed a 51:49 joint venture to deliver broadband connectivity via satellites, entering a space where the likes of Eutelsat OneWeb, Elon Musk's Starlink, Amazon and the Tatas have also announced their entries...
Jio's satellite arm has already been issued a GMPCS (global mobile personal communications by satellite services) licence by the Department of Telecommunications (DoT) but authorisations from IN-SPACe are pending...
With the new Telecommunications Act, 2023 giving legislative backing to the allocation of satellite spectrum via the administrative route, the assignment of such airwaves by DoT is unlikely to take too long, the people cited earlier said.. IN-SPACe recently estimated that India's space economy has the potential to hit $44 billion by 2033, and account for about 8% of the global share from around 2% now...
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